SEPTEMBER 2017CIOAPPLICATIONS.COM8t's hard to argue that the world didn't change in 2016. Politics, immigration, public safety, and Brexit shaped the headlines in what was anything but a typical year for citizens around the globe. For the IT professional, 2016 was somewhat pedestrian compared to what's expected for 2017, however, in what is bound to be one of history's greatest technological inflection points.A perfect storm of old and new is quickly converging, which will force CIOs to rethink tried-and-true approaches in managing and governing their data. Data volumes, security, and macroeconomic challenges have been building steadily over time and are now intersecting with increased complexity for privacy, legal and compliance requirements. Add to that recent technology advances in connectivity, infrastructure, and analytics, and there's a recipe for change that comes along perhaps once in a career.Here are five key predictions for 2017:Information Insight is Critical New privacy requirements emerged in 2016, which will impact how data is secured, accessed and stored. The risk of non-compliance with requirements such as Europe's General Data Protection Regulation (GDPR) is both utterly transparent (e.g., fines up to the higher of 20 million Euros or 4 percent of the previous year's worldwide turnover for a corporate group), and a little opaque but perhaps more severe (e.g., lost customer confidence and potential lawsuits) to those who will be tasked with addressing it. GDPR is said to be the model for similar privacy laws that will crop up globally, or will become the de facto standard by which all companies manage their data.The primary challenge that this type of regulation presents is that data can no longer all be handled the same way. For example, under the GDPR, sensitive personal data relating to a person's health or religious beliefs will require a higher standard of protection. Cast your net too narrow, and you risk failing to comply with law. Cast the net too wide, and you risk unnecessary inefficiencies and overspend on storage, security and applications.A key trend in 2017 will be bridging data silos and applying analytics holistically across enterprise information, to understand, classify and take action on information at a granular level­ ensuring an appropriate balance between adhering to compliance requirements and maintaining efficiency. This serves as an important step to managing risk in today's IT reality, but also as a foundational step to securely derive value from that same information while remaining in compliance with law.JOE GARBER, VP-MARKETING, HPE INFORMATION MANAGEMENT & GOVERNANCE, HEWLETT PACKARD ENTERPRISEFIVE KEY INFORMATION GOVERNANCE AND RISK MANAGEMENT TRENDS FOR 2017IJoe GarberIN MYVIEW
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